President Donald Trump's so-called reciprocal tariffs came into effect on Thursday, after months of on-and-off again threats from the White House as it bids to upend global trade. "It's midnight! Billions of dollars in tariffs are now flowing into the United States of America!

President Donald Trump said the United States will impose a tariff of about 100% on imports of semiconductors but offered up a big exemption - it will not apply to companies that are manufacturing in the U.

President Donald Trump said companies committed to building in the United States would be spared from the tariffs.

U.S. trade partners such as Switzerland, Brazil and India were still scrambling to get a better deal on Thursday as President Donald Trump's higher tariff rates on imports from dozens of countries kicked in,

U.S. Customs and Border Protection agency began collecting the higher tariffs at 12:01 a.m. EDT (0401 GMT) after weeks of suspense over Trump's final tariff rates and frantic negotiations with major trading partners that sought to lower them.